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Europe Smart Home Market Share

Report ID: GMI12046
Published Date: Oct 2024
Report Format: PDF

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Europe Smart Home Market Share

Europe Smart Home Market Company Share Analysis, (2023)

Europe’s smart home market is fragmented, with prominent players holding a market share of 5%-10% of the total market share. Companies see the smart home market as a fast-growing opportunity. This growth is fueled by new technologies and consumers wanting energy-efficient, convenient solutions. Firms are focusing on creating integrated systems that work well together. They're also embracing eco-friendly practices to meet the rising demand for green products.

Europe Smart Home Market Companies

Major players operating in the Europe’s smart home market include:

ABB Ltd
ASSA ABLOY AB
Deutsche Telekom AG
Emerson Electric Co.
Honeywell International Inc.
Johnson Controls
Legrand S.A.
Loxone Electronics GmbH
Panasonic Corporation
Robert Bosch GmbH
Samsung Electronics
Schneider Electric S.E.
Siemens Aktiengesellschaft
Signify N.V.
Somfy S.A.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The European market for smart home was valued at USD 26 billion in 2023 and is expected to reach USD 108.1 billion by 2032, driven by a CAGR of over 17.6% from 2024 to 2032.

Entertainment devices accounted for approximately USD 6.5 billion in revenue in 2023 and are expected to grow at a CAGR of 17.1% during the forecast period, driven by the demand for integrated experiences.

Germany's market for smart home generated approximately USD 6.5 billion in revenue in 2023 and is expected to grow at a CAGR of 18% during the forecast period, driven by its strong economy and tech-savvy population.

Major players in the market include ABB Ltd, ASSA ABLOY AB, Deutsche Telekom AG, Emerson Electric Co., Honeywell International Inc., Johnson Controls, Legrand S.A., Loxone Electronics GmbH, Panasonic Corporation, Robert Bosch GmbH, and Samsung Electronics.